Monday, 22 June 2015

[Misconduct] Libor Fixing Scandal - A Study in Greed & Failed Controls

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BACKGROUND Bankers ensure that any un-needed surplus would be deposited by the dealers towards the end of a trading day. They would place...
Monday, 15 June 2015

[Misconduct] Misselling of Structured Notes in Singapore - Part 1 - Background Info

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BACKGROUND This post will provide pertinent details from the Monetary Authority of Singapore's investigation report on the sales and ...

[Misconduct] Misselling of Structured Notes in Singapore - Part 2 - Key Findings, Impact, Root Causes & Views

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KEY FINDING we will look at the types and number of lapses found by MAS for each FIs. Before we delve further, here is a list of internal a...

Asset Management Challenges

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BACKGROUND After the financial crisis (Lehman 2008), there were substantial growth and profitability in the industry. This post will discu...
Wednesday, 27 May 2015

Understanding Underwriting Risks

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UNDERWRITING RISK Ask staffs in an insurer what are risks associated with underwriting risks and chances are you will get "the risk fa...

China's Credit Risk Exposure

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CHINA'S  NPL INCREASES TO FIVE-YEAR HIGH Since FY 11 to FY15 Q1, NPLs in China are on an upward trend with NPL of four largest banks ...
Wednesday, 6 May 2015

[Framework] Managing Tail-Risk Events

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BACKGROUND Tail-risk events are extreme events such as flood, storms and market crashes which can erode an insurer's capital and profit...

Relative Loss Ratios Using One Way Method

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BACKGROUND The pricing of a policy are highly dependent on the characteristics of the individual to whom the policy is sold. The character...
Tuesday, 14 April 2015

Asset Management Portfolio Diversification

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BACKGROUND Here is an article highlighting the need for life insurers to “broaden their horizons” due to low-yield returns in existing in...
Sunday, 5 April 2015

Claims Management Practices

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BACKGROUND Here are two articles highlighting practices in the insurance claims process.  The first article listed the findings by the Fi...

Innovation in General Insurance Underwriting

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BACKGROUND An article discussing and providing points for insurers to innovate in view of stiff competitions, record capacity levels and r...
Wednesday, 1 April 2015

Generalized Linear Model For Life Insurance

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PURPOSE Some traditional one-way  pricing methods do not factor in effects of correlations in the data leading to mispricing of relevant r...
Tuesday, 17 March 2015

Banking Innovations - Part 5 - Regulations, Landscape, Gaps, and Risk Management

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This post covers Regulations, Landscape, Gaps, and Risk Management in the fintech industry.
Tuesday, 10 March 2015

Banking Innovations - Part 4 - Australia and Banking Initiatives

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This post covers Australia with an analysis of their Fintech companies and initiatives by banks.
Tuesday, 3 March 2015

Banking Innovations - Part 3 - Asia and Africa

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This post covers Asia and Africa with an analysis of their Fintech companies.
Sunday, 1 March 2015

Banking Innovations - Part 2 - USA and Europe

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This post covers USA and Europe with an analysis of their Fintech companies.
Saturday, 21 February 2015

Banking Innovations - Part 1 - White Paper on Trends and Purpose

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1. Banking Innovation is a global growth‐sector. There are three types of banking innovations (on  top of the regular IT investments done by...
Saturday, 14 February 2015

White Paper on Asia Insurance Market Report 2014

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1. Asia continues to be a region of contradictions and opposing dynamics, with markets that are extremely developed, markets that are truly ...
Tuesday, 10 February 2015

White Paper on Kidnap and Ransom Insurance

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1. Cognizant published a white paper discussing Kidnap and Ransom Insurance at an Inflection Point. 2. The number of kidnappings in the wo...
Thursday, 5 February 2015

Life Expectency & Mortality

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 LIFE EXPECTANCY AND MORTALITY This post will provide basic Information on life expectancy and mortality (death)and how to   account for d...